Key regions: United States, Germany, Australia, India, United Kingdom
The Sleep Aids (Pharmacies) market in Qatar has been experiencing steady growth in recent years.
Customer preferences: Customers in Qatar have shown a growing interest in sleep aids, as they become more aware of the importance of a good night's sleep for overall health and well-being. The fast-paced lifestyle and high stress levels in Qatar have contributed to an increased demand for sleep aids, as people seek ways to improve their sleep quality and manage sleep disorders.
Trends in the market: One of the key trends in the Sleep Aids (Pharmacies) market in Qatar is the growing popularity of natural and herbal sleep aids. Customers are increasingly looking for products that are free from synthetic ingredients and chemicals, and instead prefer natural alternatives. This trend is in line with the global shift towards natural and organic products in the healthcare industry. Another trend in the market is the rise of online sales channels for sleep aids. With the increasing use of smartphones and internet penetration in Qatar, customers are now more inclined to purchase sleep aids online. Online platforms offer convenience and a wider range of products compared to traditional brick-and-mortar pharmacies. This trend is expected to continue as more customers embrace e-commerce in Qatar.
Local special circumstances: Qatar has a high expatriate population, with people from different countries and cultures residing in the country. This diversity in the population has led to a demand for sleep aids that cater to specific cultural preferences and needs. Pharmacies in Qatar have responded to this demand by offering a wide range of sleep aids that are tailored to different cultural backgrounds. This includes sleep aids that are formulated with ingredients that are commonly used in traditional medicine in different countries.
Underlying macroeconomic factors: Qatar has a strong economy with high disposable incomes, which has contributed to the growth of the Sleep Aids (Pharmacies) market. As people have more money to spend, they are more likely to invest in products that improve their quality of life, including sleep aids. Additionally, the government of Qatar has been actively promoting healthcare and wellness initiatives, which has created a favorable environment for the growth of the sleep aids market. In conclusion, the Sleep Aids (Pharmacies) market in Qatar is experiencing growth due to increasing customer preferences for natural and herbal sleep aids, the rise of online sales channels, the demand for culturally tailored sleep aids, and the strong macroeconomic factors in the country. As the importance of sleep and wellness continues to be emphasized, the market is expected to further expand in the coming years.
Data coverage:
The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.
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